On April 14th 2022, our community had a chance to welcome Mr. Renz Chong – CEO of BreederDAO to join an AMA to deliver fruitful information about the key features and roadmap of the project.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the latest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
🔎 BreederDAO (https://www.breederdao.io/) is the NFT asset factory of blockchain games.
At this AMA, Mr.Renz Chong directly greeted the community and provided detailed information on the project as well as some exciting events that will be held in the near future.
Time: 20:00 PM (UTC+7) | Thursday, April 14th, 2022
Venue: https://t.me/CryptoFamilyVN
Reward Pool: $100 for members with the best questions.
Below are some main points of this AMA session:
PART I: OVERVIEW QUESTIONS
- First, please make a brief introduction of BreederDAO and some great achievements you has made in the Metaverse world.
BreederDAO: BreederDAO is the go-to asset production factory for quality gaming assets of the Metaverse. It’s basically an FMCG company like P&G or Unilever but instead of retail consumer goods, we produce digital goods. We generate curated assets that deliver best value at scale for some of the largest guilds in the Metaverse so they can supercharge their growth.
In the past 3/4 months, we’ve generated over 120,000 assets already partnered with around 20+ games and have already added over 300 guilds into our network. We currently produce assets for 5 games and are generating significant volumes and transactions in the respective game marketplaces. Right now, the assets that we generate are limited to in-game economies, but in the future (as the metaverse matures), we’ll be producing anything metaverse (e.g. wearables for avatars, furniture for digital home)
- Please the story behind the project idea and the occasion that lead your team to BreederDAO.
BreederDAO: Gaming is really something that is close to my heart. Being a huge gamer myself, I am well-aware of having to spend a good amount just to get all the characters and amass the best equipment only to be frustrated because of not being able to cash it out after getting tired of the said game. So when I heard about blockchain and its application to gaming of having the capability to retain value for your digital assets, I immediately jumped and told myself that I wanted to be a part of this.
During the middle of last year when Axie Inifinity boomed, we were watching its marketplace and we were surprised that the prices of assets went from USD200 to USD800. We immediately realized that there was a huge gap on the supply side so I capitalized on that opportunity and that’s how BreederDAO came to life.
- Could you please update some latest news or hot events of BreederDAO to enable further adoption?
BreederDAO: The most immediate milestone is to do the Public Sale to distribute the tokens to the market and allow the community to participate in the governance of the DAO as well as take advantage of the numerous utilities that we have for the token. We are planning to do our public sale on Copper this April 26 to April 29.
Following that we’re going to continue building the products that we promised including but not limited to analytics dashboards, mass breeding tools, governance platforms, breeder chutes (initial breeder offerings). We’re also still continuing our efforts in building our extensive network of games and guilds in becoming one of the pillars of the play-and-earn space. We believe that as we expand our network and continually educate people, we’d be able to increase our influence and scope, which will ultimately lead to further adoption.
PART II: PRE-COLLECTED QUESTIONS FROM TWITTER
- From @Lidiamga
I understand that BreederDAO is the NFT asset factory of blockchain games. But the current NFT has little or no value. How are you going to keep the NFTs produced from BreederDAO always valuable in terms of visuals, features, and especially transactional value in P2E games?
BreederDAO: I believe that right now, we’re still in our early stages so it’s hard to attach value to these NFTs. We have axies costing $800 before and now $9 but that’s not to say that there is little to no value in these game NFTs as a whole. This law of supply and demand applies even to traditional business, products that are typically hyped or limited in supply tend to experience high prices but after some time, once more supply is injected into the economy, the price normalizes and we see a decline.
I think this issue is caused by these NFTs being treated as investments that are going to appreciate in price instead of assets that are bought out of want. Players expect higher yield and in effect, value extraction becomes very rampant which causes a steep decline in the economy. Imagine if people buy these assets because they just wanna be entertained or because they just genuinely want the assets. But again, who knows where this leads us right. We’re still early and no one knows where this goes. We wouldn’t claim to be experts in always generating assets that will never depreciate in value because at the end of the day, the market decides and the market is not just BreederDAO.
- From @hasan28d
What are the functions and benefits of the $BREED token? How can BreederDAO find a balance between developing technology and increasing the value of the token? Are there any benefits for long-term holders? What tactics do you have in place to boost token demand and depletion?
BreederDAO: We made sure to structure our token utility around the three main holders or users that we expect: 3Gs — 1) Games, 2) Guilds, and 3) General Public. For games, we’ll have so-called production lines (similar to Tokemak Reactors) that will allow holders to vote on which games we should market-make for or provide liquidity to. For guilds, we’ll have some sort of initial breeder offerings that will enable holders (primarily guilds) to get first dibs on initial batches especially for hot games with limited initial production capacity. For the general public, apart from share of yield, we’ll give them access to our tools (e.g. mass breeding) and the amount stake is directly correlated to the number of assets they can produce with our tools.
- From @Shahin555sk
Adoption is one of the important factor that all sustainable blockchain projects should focus to be more attractive in the investors’s eyes. What did #BreederDAO do and plans to do to achieve real world adoption?
BreederDAO: How we achieve sustainability is vastly different from major projects. We support the ecosystem by providing the assets to the Metaverse. Think of us as like the factory that will eventually manufacture everything that you will own in the digital world.
We envision a world where the metaverse and the real world would merge and people’s assets in the physical world matters in the digital world too. Right now, people spend most of their hours on their phones via social media, gaming, etc.. Imagine adding an immersive experience on top of that, some people might just choose to enhance their lives within the metaverse where they can start anew and recreate their identities.
- From @Samanth8a
Marketing and partnership are two of the factors that brings hope to a platform so can you share us some of the strategic partnership that helps develop BreederDAO? How do you attract more investors in your platform and why would investors must invest in BreederDAO?
BreederDAO: We have a vast Network of Advisors, VCs, Games and Guilds —
Our advisors include Gabby Dizon (YGG), Do Kwon (Terra), Ryan Wyatt (Polygon Studios) and Piers Kicks (Bitkraft/Delphi) while our investors include a16z, Delphi Digital, YGG, com2us, Hashed, IVC, etc. VCs and advisors help us pretty much establish our position in the market and create tons of value for us by being an extension of the team. Game partners provide early access to gameplay and assets which allow us to study the game ahead of everyone else and create supply in anticipation of the demand. Guild partners are our primary clients and our goal is to support their asset requirements so they can onboard more people into the metaverse.
Regarding investments (this is not a financial advice) but I believe we are in quite a unique position and the value that we provide in the space is unquestionable. For the longest time since Axie Infinity skyrocketed, blockchain gaming has only been limited to games and guilds. BreederDAO is the first of its kind in the space to touch on the supply side and we act as the bridge between the game and the guild side of things. We are your proxy to blockchain gaming (P2E, P&E) especially to those who want to get a foothold in the gaming space but unsure how or where to enter.
- From @Ngocbao8355
What are the most ambitious goals of the project in the near future? What is your most important next priority according to the project development roadmap? Where do you see yourself in the next year and the years after?
BreederDAO: A bit similar to Part 1 #3 so I’ll paste my answers here and add some more details 😀
The most immediate milestone is to do the IDO to distribute the tokens to the market and allow the community to participate in the governance of the DAO as well as take advantage of the numerous utilities that we have for the token. Just to reiterate, we are planning to do our public sale on Copper this April 26 to April 29.
Following that we’re going to continue building the products that we promised including but not limited to analytics dashboards, mass breeding tools, governance platforms, breeder chutes (initial breeder offerings). We’re also still continuing our efforts in building our extensive network of games and guilds in becoming one of the pillars of the play-and-earn space. We believe that as we expand our network and continually educate people, we’d be able to increase our influence and scope, which will ultimately lead to further adoption.
We see ourselves as the go-to asset production factory for quality gaming assets of the Metaverse where people would go to for all their Metaverse asset needs (be that may be for gaming, fashion, etc.) When people think of the Metaverse, they think of us and we become as common as Amazon is with users nowaday.
PART III: BEST LIVE QUESTIONS IN CRYPTO FAMILY GROUP
I like to know, If you were to summarize #BreederDAO in 1 sentence, what would it be? Why?
BreederDAO:
BreederDAO is the go-to asset production factory for quality gaming assets of the Metaverse — basically an FMCG company like P&G or Unilever but instead of retail consumer goods, we produce digital goods.
- Can you let us know How #BreederDAO works? Also what’s the competitive advantages does #BreederDAO have over others platforms?
BreederDAO:
There are three things that I believe sets us apart from other digital asset manufacturer –
- Combination game mastery with heavy data analytics – this allows us to identify builds that deliver the best value to guilds and scholars, anticipate market movements ahead of everyone else, know when to buy cheaper resources and maximize margins with every sale.
- Automated tools – Everything above but x times more efficient – dashboard that tells us what’s hot and what’s fast moving, ability to produce assets at scale (e.g. 100 axies in one click versus 3 minutes using axie marketplace), etc..++
- Vast Network of VCs, Games and Guilds – VCs help us pretty much establish our position in the market and create tons of value for us by being an extension of the team. Game partners provide early access to gameplay and assets which allow us to study the game ahead of everyone else and create supply in anticipation of the demand. Guild partners are our primary clients ++.
- Really BreederDAO’s goal is simply to offer tools to make Play To Earn game NFT assets? Or do you also plan in the future to offer tools that allow you to create NFT games with better features?
BreederDAO:
We don’t just blindly make assets. There’s a lot of quality work involved as we try to optimize based on a set of parameters. These combination of traits determine whether or not a player will have a higher likelihood of winning. In the future, you can simply input what you wanna make and we will work on optimizing for these traits to maximize return for the user.
- You guys point out that “Guilds are now looking to providers like BreederDAO to optimize their asset acquisition”, but my question is, will guilds from any game be able to create NFTs with BreederDAO? Or is it really the games that decide whether to create their NFTs on this platform?
BreederDAO:
Of course ultimately games will determine whether or not users can create assets on their platform. But most of these games operate on a player-driven economy which means that assets come from the users primarily and if they allow users to create NFTs, then BreederDAO can work together with guilds to produce these assets at scale.
- You point out that BreederDAO is the factory of NFT assets for blockchain games, but really to create an NFT you don’t need to upload any image and link it to a specific network? Or when it comes to games do NFTs have to have other more advanced features?
BreederDAO:
We only operate within the design of these games. So the assets that we produce are already part of the game’s metadata. The difference is that just like any game, there are different ways and combinations to produce these assets and the builds of each plays a huge factor in winnability. I’d say we’re experts in analyzing which builds are better versus the rest.
In the future though, we envision ourselves creating NFTs outside the games. But at the moment, the center stage is occupied by games and that’s where we believe mass adoption will happen so we’re focusing our resources there.
CF: 📌 Seems like there’re many things to exchange, but I’m afraid the time is up now. For all of the questions that have not been answered yet, guys feel free to search for more information on the links provided below:
🔗Telegram: https://t.me/BreederDAO
🔗Twitter: https://twitter.com/BreederDAO
🔗Discord: https://discord.com/invite/BreederDAO
🔗Website: https://www.breederdao.io/
